Disposed
Hero Fincorp Limited v. Jumbo Finvest India Limited & Ors.
Delhi HCO.M.P.(MISC.)(COMM.)/412/2024
Case brief
AI extract
What is this about?
Petition under Section 29A(4) of the Arbitration and Conciliation Act, 1996 seeking extension of the arbitral tribunal's mandate by nine months. Delay attributed to respondents' non-payment of arbitral fee; sufficient cause found and extension granted.
What did the court decide?
Mandate of the Arbitral Tribunal extended by nine months; period from 24.01.2024 regularised.